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Dec 11, 2012
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it was a quiet day of trading with no economic data and no noteworthy movement on fiscal cliff negotiations. the s&p 500 stuck to a very narrow trading range, just six points from its low point right after the opening bell to its highest level of the session, around 11:00 a.m. eastern time. the index finished up by a fraction. trading volume was light-- 591 million traded on the big board; just over one and a half billion moved on the nasdaq. the materials sector led the gains, up seven tenths of a percent. the consumer discretionary sector was the biggest drag, falling six tenths of a percent. a couple of metal stocks led the way up for materials. with global demand waning, prices have been soft. cliff's natural resources mines the iron ore used in steel furnaces. shares were up 4.6%. they were at a year-low at the end of last month. specialty metals maker allegheny technologies also picked itself up from its yearly low, rising 3.2% today. travel web sites operator priceline.com hit the brakes in the consumer sector. shares fell 5% to a three-week low. investment bank deutsche banc cut its
it was a quiet day of trading with no economic data and no noteworthy movement on fiscal cliff negotiations. the s&p 500 stuck to a very narrow trading range, just six points from its low point right after the opening bell to its highest level of the session, around 11:00 a.m. eastern time. the index finished up by a fraction. trading volume was light-- 591 million traded on the big board; just over one and a half billion moved on the nasdaq. the materials sector led the gains, up seven...
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Dec 9, 2012
12/12
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it does seem as though immigration will be the issue of next year once fiscal cliffs negotiating are over, if ever. we've heard from a number of republicans who think that immigration reform might be easier to achieve this time. as you may recall, in 2006 and 2007 we had heated debates on that topic. but at this point, after an election where the republicans lost the latino votes by a large number they would like to see immigration reform pass in some way and they are going to approach it differently this time. >> we apologize for the live signals but we were talking about the immigration and the issue of global warming. did you want to finish your thoughts? >> sure. i want to say what is right for vermont, massachusetts, may not be right for virginia. having said that, we believe and i believe strongly that climate change is the biggest single challenge that we face and we can't move fast enough to do energy efficientcy better. the other point about that from the governor's perspective is it is a jobs creator. as we move to energy efficientcy which is good for climate change but ame
it does seem as though immigration will be the issue of next year once fiscal cliffs negotiating are over, if ever. we've heard from a number of republicans who think that immigration reform might be easier to achieve this time. as you may recall, in 2006 and 2007 we had heated debates on that topic. but at this point, after an election where the republicans lost the latino votes by a large number they would like to see immigration reform pass in some way and they are going to approach it...
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Dec 7, 2012
12/12
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what do these numbers mean and what do they portend for the fiscal cliff negotiations? >> it strengthens the president's hand. it was a good number, not great, because of some of the revisions we saw to previous months but the president can tout a record of job creation, so that's encouraging. the unemployment rate went down to 7.7% for some of the wrong reasons. a lot of people left the labor force. that's not something you want to see. you want to see more people coming into the labor force, encouraged that they have a chance at getting a job. nonetheless, 146,000 jobs created. that's good for the president. gives him a chance to go out there and have some momentum going into the fiscal cliff talks. i was just at the speaker's press conference down the hall at the top of last hour and he said look, there's no progress being made and his call with the president was just more of the same and the staff talks behind the scenes yesterday were more of the same. he didn't give us a whole lot of optimism going into this weekend here, alex. >> here's my question. i have many q
what do these numbers mean and what do they portend for the fiscal cliff negotiations? >> it strengthens the president's hand. it was a good number, not great, because of some of the revisions we saw to previous months but the president can tout a record of job creation, so that's encouraging. the unemployment rate went down to 7.7% for some of the wrong reasons. a lot of people left the labor force. that's not something you want to see. you want to see more people coming into the labor...
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Dec 5, 2012
12/12
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for now, fiscal cliff negotiations have slowed activity. "this is where the market is frustrated by politics. it's a vicious circle." even at a meeting of start-ups, a group some consider below the radar of fiscal cliff negotiations, some entrepreneurs are becoming unusually cautious. "you have to take pause and assess what healthcare and taxes may cost, but we also have an obligation to our investors, so we see the fiscal cliff thing as a temporary roadblock but not something that...it won't stop us from hiring at this moment." one bright spot - according to analysts at mesirow, housing, expecially new housing, in many markets is being driven by investors purchasing homes. another indicator - remodeling. people are putting money into their homes more now. carpeting, appliances, and contract work all spreads the wealth. thank you chuck. still ahead, stocks that make the "must own" list for 2013, right after the break. here is a question a lot of people are asking themselves this time of year - how's your equity portfolio looking? little anx
for now, fiscal cliff negotiations have slowed activity. "this is where the market is frustrated by politics. it's a vicious circle." even at a meeting of start-ups, a group some consider below the radar of fiscal cliff negotiations, some entrepreneurs are becoming unusually cautious. "you have to take pause and assess what healthcare and taxes may cost, but we also have an obligation to our investors, so we see the fiscal cliff thing as a temporary roadblock but not something...
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Dec 10, 2012
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. >> the fiscal cliff negotiations are getting very little attention. we will drill down on the estate tax levy later in the hour. >>> why is jc penny stock higher today? and apple shares getting cut. are these the right call? well analyze this and more after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, se
. >> the fiscal cliff negotiations are getting very little attention. we will drill down on the estate tax levy later in the hour. >>> why is jc penny stock higher today? and apple shares getting cut. are these the right call? well analyze this and more after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's...
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Dec 11, 2012
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. >>> to the fiscal cliff negotiations now. it is crunch time. with just three weeks before higher taxes and spending cuts kick in, negotiations are underway, but it's not known what if any progress is being made. speaking in michigan yesterday, the president said he's willing to compromise a little, but the gop wants to know specifics. danielle nottingham has more. >> reporter: president obama's campaign to steer clear of the fiscal cliff took him to a diesel engine plant outside detroit. >> congress doesn't act soon, meaning the next few weeks, starting on january 1, everybody's going to see their income taxes go up. >> reporter: private face-to-face talks were revived this weekend when house speaker john boehner went over to the white house. neither side is releasing details about the conversation, but taxes are still the big sticking point. >> i'm not going to have a situation where the wealthiest among us including folks like me get to keep all our tax breaks. >> reporter: republicans have adamantly opposed raising taxes, but now some are co
. >>> to the fiscal cliff negotiations now. it is crunch time. with just three weeks before higher taxes and spending cuts kick in, negotiations are underway, but it's not known what if any progress is being made. speaking in michigan yesterday, the president said he's willing to compromise a little, but the gop wants to know specifics. danielle nottingham has more. >> reporter: president obama's campaign to steer clear of the fiscal cliff took him to a diesel engine plant...
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Dec 11, 2012
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wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension debt per household in california of aost $30,000. illinois close behind, $167 billion in unfundedliabilities, 28% funded, and th state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5illin bonds this year making it the third biggest debt issuer in the first tee arters this year. california and new york, numbers e and two with. the issue of unfunded pension liabilities with the passage of right-to-work laws is a subject that i'm going to be taking up with our next guest. -@mallory fctor, author of can the bestseller, "shadow boxes: government nioos control amera and rob taayers blind." we are delighted to have you with us. let's turn first, if i may, to the presiden telling auto
wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension debt per household in california of aost $30,000. illinois close behind, $167 billion in unfundedliabilities, 28% funded, and...
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coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today, up 32 points. more than a 1% gain, although it is off its highs of the day at 3019, and the s&p 500 index is 8 plus points at 1426. the word on the street is because of the fiscal cliff, some investors are actually selling the winners, the winning stocks, and they are holding on to the poor performers, the opposite what have they have been doing the last few years. maria? >> makes a lot of sense given the fact that tax les go higher on capital gains
coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some...
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Dec 11, 2012
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we have breaking news on the fiscal cliff negotiations. eamon? >> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting that at least partial offers have been exchanged between the two sides over the past two days. so, clearly, what we know here is that paper is changing hands and the deal making is actually happening right now. what we don't know is what the content of that deal is. and speaker's office telling me right now that they're not going to be able to provide any detail on what was in that counter offer, so, behind the scenes, the mystery continues here. >> so, again, we're not necessarily zeroing in on exactly
we have breaking news on the fiscal cliff negotiations. eamon? >> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer...
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and tax analysts say the estate tax is just too complicated to tackle in the fiscal cliff negotiations. >> if we get to a comprehensive reform of the tax system and we say, "okay, here is the income tax. this is what we are going to do. now, we need an estate tax to back it up," maybe you could change the estate tax in that setting. but just one off, i think that's hard to do. >> reporter: if congress doesn't act soon, the current $5 million estate tax exemption will fall to $1 million on january 1, though it is unlikely to stay there for long. darren gersh, nbr, washington. >> susie: the fiscal cliff was certainly one topic on the agenda of the federal reserve today as policymakers kicked off their two-day meeting. tomorrow, the world will be waiting to see whether the central bank will do more to prop up the u.s. economy. the big question is whether the fed will stick with its so- called "operation twist" bond- buying program, or will it announce something new? erika miller takes a closer look at what's expected. >> reporter: the fed may announce a new twist in its bond buying plans,
and tax analysts say the estate tax is just too complicated to tackle in the fiscal cliff negotiations. >> if we get to a comprehensive reform of the tax system and we say, "okay, here is the income tax. this is what we are going to do. now, we need an estate tax to back it up," maybe you could change the estate tax in that setting. but just one off, i think that's hard to do. >> reporter: if congress doesn't act soon, the current $5 million estate tax exemption will fall...
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Dec 13, 2012
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or was it just these fiscal cliff negotiations that are going on right now? the inability to make a deal? >> it's the do-nothing congress, their inability to make this deal. the best thing for the economy would be to make a deal and get off the fiscal edge, right. but if they're not going to be able to do that, then bernanke is smart. and again, it's unprecedented for him to do that. it's smart for him to go in and continue to try to stimulate the economy. >> you know, it's one thing for him to say that he is very concerned about the fiscal cliff and what it would do to the economy. but then to back it up with this move. >> yeah. you got to give the guy a lot of credit. it might be his bid for a third term as fed chairman, frankly, because it is creative. it's unprecedented, and by the way, the europeans are now following his lead. >> what is the danger here? >> well, the danger is that we're creating a bit of a bubble with these low interest rates, just like we did, unfortunately, in 2003 and 2004 when greenspan kept interest rates low. and that created the
or was it just these fiscal cliff negotiations that are going on right now? the inability to make a deal? >> it's the do-nothing congress, their inability to make this deal. the best thing for the economy would be to make a deal and get off the fiscal edge, right. but if they're not going to be able to do that, then bernanke is smart. and again, it's unprecedented for him to do that. it's smart for him to go in and continue to try to stimulate the economy. >> you know, it's one...
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Dec 6, 2012
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host: armstong williams, how do you see the fiscal cliff negotiations going? where do you see them going? guest: there is no doubt that the president signaled yesterday in his conversation to the speaker of the house, and no matter what the drumbeats of the politicians and activists may say to the media, there is no question he is committed to resolving this issue. you cannot resolve this issue bringing people back to certainty or to help business owners understand the liabilities they will face on january 1, 2013. there is no question that the president and the speaker will come to a compromise. back during the days of former president lyndon baines johnson and the senator leader at the time, some of the issues that are going on -- i will never forget when dirkson was talking to the president, and the president said we should meet this evening. the senator said i think we have reached our wit's end. johnson left the white house and met with the senator to show his commitment and said this is what we have to do. as a result of that meeting, they came to some d
host: armstong williams, how do you see the fiscal cliff negotiations going? where do you see them going? guest: there is no doubt that the president signaled yesterday in his conversation to the speaker of the house, and no matter what the drumbeats of the politicians and activists may say to the media, there is no question he is committed to resolving this issue. you cannot resolve this issue bringing people back to certainty or to help business owners understand the liabilities they will...
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Dec 13, 2012
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i think that just discounting any probability we have a fiscal cliff, if we do, and negotiations brick down, then market i think will be way overpriced for the very difficult economy. we'll see in the first half of next year. lou: we might see it before the end of the year, if it is clear, this may be part of the game, they try to keep in am pickous to whether or not there will be a dial, that would be a slick portion of this negotiation. i do not know what to make of it. i do think this republicans are now incentivized to go over the cliff, and seek sequest raising sequestration in force. it gives republicans want they want, two-for-one spending cuts to tax hikes it gets intresting. >> it is, some of the commentary i've seen, suggestions that the president i talking about more x increases than spending cuts, that is -- >> 2 to 1. >> yeah contrary to the original agreement. lou: well imagine that. president turning things on its head, john silvio thank you. >> thank you. lou: and straightening us out. looking now at "new york times" bestseller list, i thought this week was really, news
i think that just discounting any probability we have a fiscal cliff, if we do, and negotiations brick down, then market i think will be way overpriced for the very difficult economy. we'll see in the first half of next year. lou: we might see it before the end of the year, if it is clear, this may be part of the game, they try to keep in am pickous to whether or not there will be a dial, that would be a slick portion of this negotiation. i do not know what to make of it. i do think this...
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. >>> both sides in the fiscal cliff negotiations are much closer despite what you might think. on today's state of the union, jackie -- of the times picked up on something. >> he said you know, the republicans really ought to think about just declaring victory by going along with the president and senate democrats and taking the 98% of the tax cuts they agree on for everybody below $250,000 and just work next year on tax reform and see if they can get the top rate down again. it's hard to think that's not going to be where they end up, so why not make it clean instead of ugly. >> i think that it is true that many republicans are saying privately what tom cole said on this show, that they believe the politically expedient and right thing to do now is just to cut their losses, agree to tax rates going up for the most wealthy and really try for significant tax reforms so that 39.6% is going to be moot. >> if nothing is done by the end of the year to avoid the fiscal cliff, automatic federal spending cuts could impact the foot we eat. emily schmidt explains. >> preparing for holida
. >>> both sides in the fiscal cliff negotiations are much closer despite what you might think. on today's state of the union, jackie -- of the times picked up on something. >> he said you know, the republicans really ought to think about just declaring victory by going along with the president and senate democrats and taking the 98% of the tax cuts they agree on for everybody below $250,000 and just work next year on tax reform and see if they can get the top rate down again....
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Dec 9, 2012
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now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i could look at the debt and say, oh, this means we need to cut spending. so what does it mean? so what would you, and what globally, what would mean the most for the u.s. to do in terms of the global economy? >> you know, what you said, you would qualify as an economist. on the one hand, on the other hand. the truth of the matter is that the best way out of this would be a balanced solution because you will always fine a school of thoughts that will say it's much better to cut spending, and you will find another school of thought that says it's much better town crea increase the r and cut taxes and there are those that say you need to cut deficits now and in the long run. we have seen s
now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i could look at the debt and say, oh, this means we need to cut spending. so what does it mean? so what...
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. >>> there have been no public comments in the past couple of days about the "fiscal cliff" negotiations which may be a good sign. house speaker john boehner the president are the only parties negotiating right now and no details have leaked out. today congressional democrats will hold a press conference to urge republicans to preserve medicaid funding in the final deal. republicans say cutting entitlement benefits is necessary to curb the country's deficit. >> social security, medicare and medicaid, it is not even on the table. that is our message. >> whoo! >> in 15 cities across california workers and community leaders have been rallying including here in san francisco. they are urging congress to save social safety net programs and increase taxes on the wealthy. >>> south carolina's governor may have closed the door on comedian steve colbert's senate dreams. colbert has been urging fans to pressure governor nickie hailey into picking him for the senate seat to replace jim demint who is retiring. a poll shows colbert is the favorite in the state but the governor has not committed on hi
. >>> there have been no public comments in the past couple of days about the "fiscal cliff" negotiations which may be a good sign. house speaker john boehner the president are the only parties negotiating right now and no details have leaked out. today congressional democrats will hold a press conference to urge republicans to preserve medicaid funding in the final deal. republicans say cutting entitlement benefits is necessary to curb the country's deficit. >> social...
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Dec 6, 2012
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alan simpson painting a bleak picture behind the scenes of the fiscal cliff negotiations. good morning. this is "way too early." thanks for being up with us this morning. we have a lot to get to on this thursday, december 6. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on the verge of crisis. first, let's get to the news live at 5:30 here at 30 rock in new york city. we begin with 25 days to go until the year end fiscal cliff deadline for the first time in days president obama and speaker boehner spoke on the phone yesterday. both men agreeing not to publicly characterize how the conversation went. but the stalemate in negotiations entered bold new territory yesterday with treasury secretary tim geithner suggesting the white house is ready to go off the cliff if republicans refuse to raise taxes on the top 2%. >> if republicans do not agree to that, is the administration pre
alan simpson painting a bleak picture behind the scenes of the fiscal cliff negotiations. good morning. this is "way too early." thanks for being up with us this morning. we have a lot to get to on this thursday, december 6. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on...
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president barack obama hits the road to talk to republicans about the fiscal cliff negotiations. >> all part of the road to the fiscal cliff we've been seeing now. what's the latest, eamon? >> to really push public opinion in his direction on the fiscal cliff talks. the president today making the argument that he's the guy in this debate that wants to lower american taxes. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. it's true. y'all don't like that, huh? >> and you can tell how confident president barack obama knows how positive his polls are on his side of this issue. but on the game where he's campaigning publicly and negotiating privately. as you said meeting with john boehner at the white house yesterday. and clearly the president is meeting with republicans and then checking back with democrats. we see this pattern now a couple of times last week he met with or spoke to boehner. and then met with nancy pelosi, the democratic leader on capitol hill. today we're told he had a phone call on
president barack obama hits the road to talk to republicans about the fiscal cliff negotiations. >> all part of the road to the fiscal cliff we've been seeing now. what's the latest, eamon? >> to really push public opinion in his direction on the fiscal cliff talks. the president today making the argument that he's the guy in this debate that wants to lower american taxes. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's...
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can you give the american people status update what is happening with these fiscal cliff negotiations? do you see that coming together, both sides? >> i hope so but there's a cliff in this country in terms of how we approach things. the president ran on a plank, very wealthy no longer should get a tax break. middle class taxpayers should continue to get a lower tax than they otherwise would. the republicans, if i might say so, simply have to listen to the election results. the president was clear. we asked can dates to be clear about their positions. the president was utterly clear that the tax rates for high income people should return to the clinton era. the people spoke. the republicans should listen. jenna: congressman, pleasure to have you on set. look forward to have you come back. talk to us about spending at the national level. >> be glad to do that. jenna: thank you for the time. jon? jon: get away from all this earthly talk of fiscal cliffs and other problems and get to dramatic new findings from space. nasa's hubble space telescope has helped astronomers discover something
can you give the american people status update what is happening with these fiscal cliff negotiations? do you see that coming together, both sides? >> i hope so but there's a cliff in this country in terms of how we approach things. the president ran on a plank, very wealthy no longer should get a tax break. middle class taxpayers should continue to get a lower tax than they otherwise would. the republicans, if i might say so, simply have to listen to the election results. the president...
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Dec 7, 2012
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president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> the concerted effort from the white house is very clear. here's white house press secretary jay carney. >> what will produce a deal is an acknowledgement by republicans, republican leaders, that rates on the top 2%, the wealthiest americans, have to rise. there is no deal without that acknowledgement, and without a concrete,
president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the...
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. >>> turning now to politics and the fiscal cliff negotiation. president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe f
. >>> turning now to politics and the fiscal cliff negotiation. president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the...
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pile on the headline risk not only coming out of europe, but also with the fiscal cliff negotiations. the bottom line is it's going to be very difficult to maneuver in tight spaces, so widen it out. for us that means in the s&p we want to pie 1340 to 1320, and as the market gets up to the 1430 area and above, we want to reduce our equity exposure. in the dow call it 12,5 to 13,5. in the nasdaq 100, 2400 to 2800. liz: okay, hold on. let me just hold on the s&p because that's what we have here. 1320 to 1340 buy in when it hits there, and can then, of course, sell. >> right. liz: so this requires real involvement on behalf of the investor, doesn't it? >> well, i -- the point is, liz, we, as i said, you've got a lot of headline risk, a lot of back and forth with the news stories. the point is to be disciplined. map those levels out, and then don't get caught in between. so i think if 1340 to 1320's a great place to add to your equity exposure, and then as we get up to the 1430 area and above, you want to reduce your equity exposure, and don't get caught in between. liz: sorry, i interrupt
pile on the headline risk not only coming out of europe, but also with the fiscal cliff negotiations. the bottom line is it's going to be very difficult to maneuver in tight spaces, so widen it out. for us that means in the s&p we want to pie 1340 to 1320, and as the market gets up to the 1430 area and above, we want to reduce our equity exposure. in the dow call it 12,5 to 13,5. in the nasdaq 100, 2400 to 2800. liz: okay, hold on. let me just hold on the s&p because that's what we have...
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Dec 12, 2012
12/12
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MSNBCW
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cliff negotiations. >> the president seems to be walking us ever so slowly towards the cliff. we have said we are committed to staying here. we are going to stay here right up until christmas eve. throughout the time and period before the new year. >> now, their warning followed a 15 minute phone call between john boehner and the president described as tense by the news team. a characterization, the speaker himself disputed. >> i remain the most optimistic person in this town, but we have serious differences. the president and i have frank conversation about just how far apart we are. >> democratic sources tell us the phone call fell apart because the latest counter proposal included an extension of tax cuts for the wealthy, a permanent extension. another that was disputed. the press secretary reiterated that is a non-starter for the president. >> they refused to accept the fundamental fact that higher income americans, millionaires and the billionaires, the top two% are not going to have tax cuts extended. the president made that clear. >> now with negotiations stuck dare we
cliff negotiations. >> the president seems to be walking us ever so slowly towards the cliff. we have said we are committed to staying here. we are going to stay here right up until christmas eve. throughout the time and period before the new year. >> now, their warning followed a 15 minute phone call between john boehner and the president described as tense by the news team. a characterization, the speaker himself disputed. >> i remain the most optimistic person in this town,...
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Dec 6, 2012
12/12
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CNBC
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as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple dozen republican house members signed a bipartisan letter that says let's look at all kinds of tax rates, not just the deduction, but tax rates in relation to other spending. so you've got republicans jumping ship on both sides. >> that's exactly right. the speaker is going to have to make a critical choice, because the lines are being drawn in the sand right now here on capitol hill. you have the conservatives who are being booted off the committee. they're very angry with the speaker. they're not going to move at all on tax rates. but you've got a lot of moderates in the republican conference from th
as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple...
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Dec 13, 2012
12/12
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CSPAN
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host: how does social security factor into the fiscal cliff negotiation process? guest: the republicans put forward a plan in the last few weeks to change the way the annual cost-of-living adjustment is calculated for social security beneficiaries. the cost of living adjustments, known as the cola, it's the annual increase in benefits people get in their monthly payments. this coming year, next month in january their scheduled to get a 1.7% increase in benefits. that is based on a government measure of inflation, the consumer price index. specifically for so security, they use the consumer price index for urban wage earners. there's a new measure of inflation that the government has been considering for while called the change cpi. on average the social security administration tells us the cola would be 0.3 percentage points less than what it has been. so the 1.7% increase coming in january would be about 1.4%. last year the increase was 3.6% during that would be about 3.3%. that is the biggest effect of adopting this new measure of inflation that republicans put
host: how does social security factor into the fiscal cliff negotiation process? guest: the republicans put forward a plan in the last few weeks to change the way the annual cost-of-living adjustment is calculated for social security beneficiaries. the cost of living adjustments, known as the cola, it's the annual increase in benefits people get in their monthly payments. this coming year, next month in january their scheduled to get a 1.7% increase in benefits. that is based on a government...
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Dec 11, 2012
12/12
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FBC
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maybe this progress or the appearance of some moves the fiscal cliff negotiations. what you see is what house speaker john boehner said he is hopeful a deal will be reached, but also added the g.o.p. wants the white house to provide details on spending cuts. but in the white house wants the same thing from the g.o.p. but either way that is good enough for the market. we took off and we stayed to the upside. so far neither side has been specific on spending cuts so coming up in just one hour o ony 4:00 p.m. eastern, former treasury secretary paul o'neill says he has easiest way to cut spending. fox business exclusive and in this our whole host of leaders in business talking about what specific they want to see. in terms of individual standouts. apple right now about 2% to the upside. some excitement over the iphone 5. how is this for a order in china. brenda marshall says china unicom has more than 300,000 people on the waiting list. nicole petallides with talk about this earlier, but that is enough to boost the stock. sales in china friday, can you imagine the lines
maybe this progress or the appearance of some moves the fiscal cliff negotiations. what you see is what house speaker john boehner said he is hopeful a deal will be reached, but also added the g.o.p. wants the white house to provide details on spending cuts. but in the white house wants the same thing from the g.o.p. but either way that is good enough for the market. we took off and we stayed to the upside. so far neither side has been specific on spending cuts so coming up in just one hour o...
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Dec 11, 2012
12/12
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CNNW
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. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a
. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with...
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Dec 12, 2012
12/12
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KTVU
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cliff negotiations. >>> 7:36. software company founder john mcafee could soon return to the united states. his attorney says a guatemala judge has ruled that mcafee adetention in that country is illegal and he could be released as soon as today. mcafee was detained in guatemala last week after entering the country illegally to avoid police in belize who wanted to question mack afy about the fatal shooting of his neighbor. mca -- mcafee has said he wishes to return to the u.s. so he can live in peace. >>> continuing coverage on the shooting in portland, oregon. here's more. >> reporter: good morning, tori. the mall here is closed at this point while police continue their investigation and what motivated this young man to come in yesterday in a crowded mall, people were christmas shopping. we have video -- video. we can show you aerial as police converged on this location. witnesses describe him wearing a hockey style mask, dark cam mow, body armor as -- dark camo, body armor. witnesses say he walked into
cliff negotiations. >>> 7:36. software company founder john mcafee could soon return to the united states. his attorney says a guatemala judge has ruled that mcafee adetention in that country is illegal and he could be released as soon as today. mcafee was detained in guatemala last week after entering the country illegally to avoid police in belize who wanted to question mack afy about the fatal shooting of his neighbor. mca -- mcafee has said he wishes to return to the u.s. so he can...
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Dec 13, 2012
12/12
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FOXNEWSW
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a rare look inside their fiscal cliff negotiations. >>. >> bl those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficu
a rare look inside their fiscal cliff negotiations. >>. >> bl those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all...
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Dec 10, 2012
12/12
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FBC
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investors continue to focus their attention on washington and the fiscal cliff negotiations. right now the dow was up 34 points. the justice department antitrust division is a record amount of criminal fines this year handing out more than $1.1 billion in penalties. the doj confirmed the ddta provided exclusively to fox business. the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks peo
investors continue to focus their attention on washington and the fiscal cliff negotiations. right now the dow was up 34 points. the justice department antitrust division is a record amount of criminal fines this year handing out more than $1.1 billion in penalties. the doj confirmed the ddta provided exclusively to fox business. the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported...
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Dec 10, 2012
12/12
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FBC
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with talks of congress limiting the charitable tax deduction asart of the fiscal cliff negotiation will this year be any different? we have the head of charity navigator with me now. ken, we were talking during the break, there has been, you've seen increasing contributions to charities this year because of that fiscal cliff. what do you see? we've seen some larger charities have seen as much as or 8% increase in donations whereas some of the smaller charities they're still struggling and donations are somewhat level from last year. gerri: you know, people have this on the front of mind. this is traditional time of year you make your contributions and this year more than ever i think people are thinking their dollar will go further because of the possible changes in taxes. what is the one thing you would tell folks this year about chartable giving? what do they need to think about or remember this year? >> they need to remember that even now more than every charities really need their help. there is more of a demand because of unemployment, because of other challenges out there, disaste
with talks of congress limiting the charitable tax deduction asart of the fiscal cliff negotiation will this year be any different? we have the head of charity navigator with me now. ken, we were talking during the break, there has been, you've seen increasing contributions to charities this year because of that fiscal cliff. what do you see? we've seen some larger charities have seen as much as or 8% increase in donations whereas some of the smaller charities they're still struggling and...
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Dec 11, 2012
12/12
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FOXNEWSW
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. >> fiscal cliff negotiations proving once again that obama is never worried about trying to fix the problem. >> how about manning up here, mr. president. >> all he's trying to do is fix the blame. >> the president won. he wants to prove he can dominate. >> 15 auto workers fired are back on tle job tonight. >> hey, guys, hate to be a buzzkill, but shouldn't you guys be building cars? don't you guys work out at the chrysler factory? >> this right to work in michigan is a big deal. and michigan is about to become a right to work state, where you can't get a job without having to join a union. >> these so-called right to work laws don't have anything do with economics. they have everything to do with politics. >> michigan is ground zero for union activity. >> ♪ gangnam style >> this guy should have never been there. they realized he had done this in 2002 and 2004. apologies don't matter. he said we want american troops, their families, wives and kids, to die, die a painful death. you don't apologize for that. you're a bad person. get him out of the white house. >> you're going to hold
. >> fiscal cliff negotiations proving once again that obama is never worried about trying to fix the problem. >> how about manning up here, mr. president. >> all he's trying to do is fix the blame. >> the president won. he wants to prove he can dominate. >> 15 auto workers fired are back on tle job tonight. >> hey, guys, hate to be a buzzkill, but shouldn't you guys be building cars? don't you guys work out at the chrysler factory? >> this right to...
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Dec 10, 2012
12/12
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CSPAN
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after that look of the status of the so-called fiscal cliff negotiations between congress and the white house. >>
after that look of the status of the so-called fiscal cliff negotiations between congress and the white house. >>